North Carolina H1083 establishes a voluntary portable benefits plan for independent contractors.

North Carolina H1083, the Voluntary Portable Benefits Plan Act, creates a framework for independent contractors to have portable benefit plans. These plans can include health, unemployment, income replacement, disability, life, and retirement benefits. The plans are administered by third-party providers chosen by the contractor. Contributions can come from hiring parties or as a percentage of the contractor's withheld compensation, provided the contractor agrees in writing and can opt out at any time.

North Carolina H1083 establishes a voluntary portable benefits plan for independent contractors.

North Carolina H1083, the Voluntary Portable Benefits Plan Act, creates a framework for independent contractors to have portable benefit plans. These plans can include health, unemployment, income replacement, disability, life, and retirement benefits. The plans are administered by third-party providers chosen by the contractor. Contributions can come from hiring parties or as a percentage of the contractor's withheld compensation, provided the contractor agrees in writing and can opt out at any time.